TVS Motor Co fourth-quarter profit up 31 percent, lags Street

Reuters Staff

1 Min Read

(Reuters) - India’s TVS Motor Company Ltd posted an about 31 percent increase in quarterly profit on Wednesday, helped by higher vehicle sales at home and growth in exports, but missed analysts’ estimates.

Net profit came in at 1.66 billion rupees ($24.47 million) for the fourth quarter ended March 31, compared with a profit of 1.27 billion rupees a year earlier, the company said bit.ly/2IqzYkG.